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Why AMD Stock Surged Last Week

Why AMD Stock Surged Last Week

Shares of Advanced Micro Devices (NASDAQ: AMD) climbed 14% this past week, according to data from S&P Global Market Intelligence. AMD's shareholders breathed sighs of relief when the chipmaker released its fourth-quarter earnings report after the market close on Tuesday. Going into the week, investors were fearful that AMD's results could mimic those of Intel (NASDAQ: INTC).